Octagonal Share Discussion Threads

[festario] 07/10/2022 14:02

None of which helps us though does it?

[quazie12] 07/10/2022 13:46

it wouldnt surprise if he now regrets delisting

[quazie12] 07/10/2022 13:45

IMO I think with what has happened and the dilution we seem to be facing with the various proposals, JG has pretty much burnt his bridges in terms of coming back re listing and tapping cash from the markets again in future in the company's present form. No doubt there will always be a broker in it for a fee and someone will believe the blurb but I doubt it will be any of the existing retail investors hereshareholders. Given what has happened with the US business shrunk/disappeared overnight,

[dave4545] 06/10/2022 11:59

I emailed the company years ago.

Still no replies to any emails or phone calls

[quazie12] 06/10/2022 11:42

I have e mailed the company about attendance. If I do not hear from them by end of week then I will phone Monday morning. I suggest anyone else here to the same whether you can make it or not

[festario] 04/10/2022 23:04

Where is the meeting?Shareholders have a constitutional right to attend any AGM

[dave4545] 04/10/2022 20:31

Can we go to this meeting ?

[substp] 04/10/2022 19:47

GM on the 20th of Oct.

The resolutions to be voted on at the meeting are as followed:

1. To adopt new Articles of Association
2. To issue Bonus shares to credit the merger reserve
3. To cancel the bonus shares issued above
4. To authorise the issue shares to Management/ Employees under employee incentive plan
5. To authorise the directors to allot shares pursuant to section 551 of the Companies Act 2006
6. To disapply pre-emption rights pursuant to section 560-570 of the Companies Act 2006

[dave4545] 14/9/2022 15:29

Oh I have a full time down ticker quazie, they follow me around and vote down all my posts within minutes.

Know who it is too :-))

[quazie12] 13/9/2022 22:57

Dave wtf actually downticked your post do you reckon ? Think Samantha Nilesh or JG lurk on here ?

[dave4545] 13/9/2022 20:11

Not really, he's probably paying himself a fortune while we now will be lucky to see another penny again.

Remember the promised match bargain system !!!

[ochs] 13/9/2022 19:56

Oh dear, no divi this year? That's not good, it was at least a small way of gradually getting some of our investment back each year - less for Mr Gunn too I guess.

[quazie12] 13/9/2022 17:10

The latest GIS financials for year to 31st March are available on Companies House website. Even with significantly reduced turnover the company made a small profit this year but no dividend proposed. Disappointing that the overheads have not been more aggressively reduced. Maybe they have retained the bulk of the staff in anticipation of new business in 22/23 ?

[quazie12] 10/8/2022 18:33

If Gunn comes looking to buy up your shares down the line do not sell up cheap.

[festario] 04/8/2022 15:20

That cash should be returned to shareholders, and the company wound up.

[bedbel] 04/8/2022 14:10

Annual report to 31/03/22 on companies house:

Turnover halved en net profit declined from 1 mln to 217000£
Still 4,7 mlj cash and TNAV of 7,8 mlj
That means cash 1,8 pence/share and TNAV 2,9 p/s

Hopefully an OCT statement soon follows and can they please organise an AGM?

[heraldomaha] 16/5/2022 19:06

Talking of minority interests. Shortly after the delist I contacted Anthony Binnie, the only independent non-Exec (responsible for minority shareholders), and he didn’t seem to be aware this was a key part of his responsibilities. I contacted him through LinkedIn:

hxxps://www.linkedin.com/in/anthony-hugh-binnie-4b050415

[bedbel] 16/5/2022 17:37

It is getting time they come with an update and schedule an agm. I want to meet the board and other shareholders so we can discuss where OCT is going. And what's in store for the minority shareholders.

[quazie12] 16/5/2022 16:36

No way is Gunn getting my shares on the cheap. He can go and swivel to his heart's content. I have basically written these off re my portfolio so any dividends come my way are fine and I would actually get more enjoyment holding out and not giving him the satisfaction if he started to approach shareholders

[substp] 25/4/2022 22:58

Sorry, Didn't realise Bedbet had already posted this.